Nigerian Govt Clarifies 27 Businesses to Enjoy Tax Break Under Pioneer Status

The federal government on Monday gave clarifications on businesses that would qualify to enjoy pioneer status under the additional 27 new industries and products approved last week by the Executive Council of the Federation, FEC. The Executive Secretary, Nigeria Investment Promotion Council, NIPC, Yewande Sadiku, told PREMIUM TIMES in an exclusive interview in Abuja that…

Foreign Investors stake $1 billion on treasury bills

Despite the approaching elections, which has seen foreign portfolio investors exit Nigeria, some others apparently hold a contrarian view. Sources familiar with the transaction, revealed $1 billion in fresh funds was channelled to buying treasury bills last week. While foreign portfolio investors holding equities may have largely pulled out, regardless of who wins the elections,…